Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08812 | −0.0201 | get 0.0025% / 1h | 12m 50s | $146K | $124K | 50x | Long TxFlow5% off | |
| SHORT | 0.08817 | +0.0096 | get 0.0012% / 1h | 12m 50s | $181K | $101K | 8x | Short Lighter7d free |
Price gap+0.057%59s
Funding gap+0.0297% /8h
Funding pays +$9 a day on $10k, but the gap is 0.078% under its 7d average: −$8 if it goes back, about 21 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$52+0.0297% /8h now · paid +0.518% over the last 7D
Price—spread +0.057%59s now · prices read too far apart to compare
Costs−$330.334% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropTxFlow: points · Lighter: Season 3 · farm boardneeds both prices read together
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.057%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPOL on 27 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books6.6 / 7.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $1,250TxFlow 50x, Lighter 8x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$8.90Long TxFlow: 24 payments, +$6.02; short Lighter: 24 payments, +$2.88.
- Watch: Prices read 59 s apart+0.057% vs +0.134%Part of this gap may be the market moving.
- Watch: Long leg is thinner$146K vs $181K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Lighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0247%/8h × 21 periods+$51.83
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$24.43
Fee TxFlow bp × 2 orders−$9.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k+$18.40
price spread not counted: prices read too far apartCosts to cover0.334%Break-even4.5 days
Slippage: TxFlow: live order book, 6 min ago; Lighter: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.576.6 bp−$715.9 bp−$159184.0 bp−$18.4Kdoesn’t fit
SELL · SHORTLighter2.617.5 bp−$764.6 bp−$646doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 14:42 | Deribit | Listing | 🚨 Pre-IPO Anthropic, POL & OPG USDC Perpetuals. Now Live Deribit has launched the following USDC-settled perpetual markets: ANTH_USDC | POL_USDC | OPG_USDC Read more 👉 Disclaimer: Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory requirements and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Deribit does not endorse, sponsor, or have any affiliation with Anthropic. Any use of a referenced company’s name or marks is nominative and limited to what is necessary to identify the relevant category. @DeribitOfficial on X ↗ |
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